Impact of Demonetization on Indian Economy: A Comprehensive Analysis
Author(s): Dr Ashok Kumar Mishra
Publication #: 1706012
Date of Publication: 20.12.2017
Country: India
Pages: 89-96
Published In: Volume 3 Issue 6 December-2017
DOI: https://doi.org/https://doi.org/10.5281/zenodo.10886372
Abstract
This research paper provides a comprehensive analysis of the impact of demonetization on the Indian economy. Through an examination of various economic indicators and social factors, the paper explores the immediate and long-term effects of demonetization, as well as its implications for policy and future directions. The analysis encompasses areas such as the banking sector, informal economy, consumption patterns, government revenue, financial inclusion, and macroeconomic outcomes. Numerical data and in-text citations up to the year 2017 offer insights into the magnitude and scope of the impacts observed. Recommendations and policy implications are discussed in light of the findings, highlighting the need for targeted reforms and measures to address the challenges posed by demonetization and capitalize on the opportunities for economic growth and development.
Keywords: demonetization, Indian economy, banking sector, informal economy, consumption patterns, government revenue, financial inclusion, macroeconomic effects, policy implications, structural reforms.
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